Jackson Financial Inc. Plans Quarterly Dividend of $0.90 (NYSE:JXN)

Jackson Financial Inc. (NYSE:JXN) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.90 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 11th.

Jackson Financial has a payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings.

Jackson Financial Price Performance

Shares of JXN stock opened at $108.50 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $7.64 billion, a P/E ratio of -310.00 and a beta of 1.39. The company’s 50-day simple moving average is $108.00 and its two-hundred day simple moving average is $106.52. Jackson Financial has a one year low of $78.76 and a one year high of $123.61.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $5.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.96 by ($0.81). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $5.10 earnings per share. The company’s quarterly revenue was down 22.6% on a year-over-year basis.

Institutional Investors Weigh In On Jackson Financial

Several institutional investors have recently bought and sold shares of JXN. Jackson Creek Investment Advisors LLC acquired a new stake in Jackson Financial in the third quarter worth about $2,009,000. Victory Capital Management Inc. boosted its holdings in Jackson Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock worth $60,855,000 after acquiring an additional 65,202 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Jackson Financial during the third quarter worth $3,373,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Jackson Financial during the third quarter worth $1,255,000. Finally, Federated Hermes Inc. lifted its stake in shares of Jackson Financial by 6.4% during the third quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock worth $86,494,000 after buying an additional 51,494 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.